Fed

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Gold Closes $7.20 Higher as Investors Anticipate Fed’s Interest Rate Decision

Gold

In a positive development for the gold market, the gold contract closed higher for the second consecutive day on Tuesday, June 6. This surge was driven by expectations that the US Federal Reserve (Fed) would maintain its current interest rates at the upcoming meeting next week. Gold futures experienced a rise of $7.20, equivalent to …

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Gold Futures Rise Nearly $5 as Market Anticipates Fed’s Stance on Interest Rates

Gold

Gold futures experienced an upward adjustment in price on Monday, June 5, as investors expressed their expectations that the Federal Reserve (Fed) would halt its interest rate hikes in the upcoming meeting. The closing price of gold futures saw a $4.70 increase, reaching $1,974.30 per ounce. On Friday, June 2, the gold futures market witnessed …

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Gold Prices Rise $13.40 as Weakening Dollar Boosts Market, Anticipating Fed’s Interest Rate Decision

Gold

Gold futures concluded higher on Thursday (June 1), supported by a weakened dollar and expectations that the Federal Reserve (Fed) would maintain interest rates during its upcoming meeting. Investors also awaited the release of US non-farm payroll figures, set to be unveiled today. Gold futures experienced a 0.68% increase, rising by $13.40 to close at …

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Philadelphia Fed Reports Surprising Surge in May Manufacturing Index

News

The Federal Reserve Bank’s Philadelphia branch has released its Mid-Atlantic Manufacturing Index, revealing a higher-than-expected reading for the month of May. The index rose to -10.4, surpassing analysts’ projections of -20.0. This positive shift comes after a significant decline, with the index plummeting to -31.3 in April. Although the index remains below the neutral threshold …

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Gold Closes Down $16.60 as Strong Dollar Drags Market; Investors Eye US Debt Ceiling

Gold

On Thursday, May 11th, gold futures closed lower for the second consecutive day as the market was dragged down by a strong dollar. Meanwhile, investors kept a close eye on the progress of negotiations to raise the US government’s debt ceiling. Gold futures fell by 0.81%, or $16.60, settling at $2,020.50/ounce, while silver futures declined …

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Fed Reveals US Central Bank Controls Lending After SVB Collapse as Loan Demand Slows

News

According to the US Federal Reserve (Fed)’s Senior Loan Officer Opinion Survey (SLOOS) released on Monday, US commercial banks tightened lending standards earlier this year while demand for loans from both the business sector and consumers slowed down. The report reflects that the Fed’s interest rate hikes are beginning to hurt the US financial sector. …

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The Hong Kong Monetary Authority Raises Interest Rates in Line with the Fed by 0.25% to 5.50%

News

The Hong Kong Monetary Authority (HKMA) has followed in the footsteps of the US Federal Reserve by raising its benchmark interest rate by 0.25% to 5.50% on May 4. The decision comes after the Federal Reserve raised its short-term interest rate to 5.00-5.25% on May 3. Hong Kong’s monetary policy is in line with that …

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